Warburg-backed Avanse Financial Services files for Rs 3,500-cr IPO

Quick Summary:

The Mumbai-based firm is looking to issue fresh shares worth Rs 1,000 crore through the IPO, which will be used to augment its capital base.

Private equity firms Warburg Pincus, Kedaara Capital, and IFC plan to offload shares worth Rs 2,500 crore in the IPO.

State Bank of India (SBI) is the market leader among banks, while the NBFC space is dominated by HDFC Credila and Avanse Financial.

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Article Details

Category: BusinessFinance

Markets: India

Topics: IPO Startup listing Fintech IPO in India Avanse Financial Services IPO EdTech Warburg Pincus

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-21 @ 19:43:32 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 383 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21330076

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